How Competitive is Europe's Labor?
Europe's labor is not competitive taking unemployment as the relevant indicator. The paper looks at other indicators such as job creation, productivity and unit labor costs and skills. It analyzes the reasons for the lack of competitiveness including a low degree of wage differentiation, the impact of the welfare state on the reservation wage and high labor costs to finance the social security system.
|Date of creation:||May 1999|
|Date of revision:|
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- Siebert, Horst, 1997.
"Labor market rigidities and unemployment in Europe,"
Kiel Working Papers
787, Kiel Institute for the World Economy (IfW).
- Siebert, Horst, 1997. "Labor market rigidities and unemployment in Europe," Kiel Working Papers 787, Kiel Institute for the World Economy.
- Horst Siebert, 1997. "Labor Market Rigidities: At the Root of Unemployment in Europe," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 37-54, Summer.
- Martine Durand & Christophe Madaschi & Flavia Terribile, 1998. "Trends in OECD Countries' International Competitiveness: The Influence of Emerging Market Economies," OECD Economics Department Working Papers 195, OECD Publishing.
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